Dubai’s DMCC and DP World subsidiary Jebel Ali Free Zone (Jafza) have signed a collaboration agreement that will offer warehousing and logistic services to DMCC-registered companies, the two entities have announced.
“Since its establishment almost thirty-five years ago, Jafza has played a crucial role in making Dubai the global centre for trade it is today,” said DMCC executive chairman and CEO Ahmed bin Sulayem. “Under our agreement, DMCC member companies will gain access to all of JAFZA’s state-of-the-art warehousing and logistical services at no extra charge through a single point of contact.”
Bin Sulayem added that “this collaborative agreement provides a strong incentive for DMCC-based companies to leverage the facilities available at Jafza, while streamlining our business processes to support our customers.”
As part of the agreement, DMCC member companies will also be fully except from registration and licensing fees related to the new service.
“Collaboration is an essential part of growing together for our nation’s economy,” said Mohammed Al Muallem, the CEO and managing director of DP World, UAE region and CEO of Jazfa said. “Jebel Ali Free Zone is pleased to be offering a new benefit which will increase commercial activities through our facilities.”
Al Muallem added that Jafza has “excellent multimodal connectivity which will be a boon for member companies at DMCC wanting to import and export goods in and through Dubai.”
“This, in turn, plays a key role in Dubai’s growth and both organisations show a strong commitment to reinforcing the UAE’s economic and commercial strength,” he said.
Jafza and Jebel Ali Port contributed 33.4 percent of Dubai’s GDP in 2017, with the free zone generating trade worth $93 billion in 2018.
DMCC for its part, welcomed 1,868 new companies to its free zone in 2018, marking a 12 percent growth compared to 2017. Collectively, DMCC member companies contribute over 10 percent to Dubai’s GDP.